I currently only have 122.4 hours total time. I am close to completing my instrument rating, then, I plan to work on my Commercial, CFI's, Multi, etc…
It is depressing to think that I still need about 1400 hours-alot of time and money yet to invest.
How do you think the industry will adjust? Where will the pilots come from?
Humor me... I need a pick me up...
As far as the 1500 Hour ATP rule being rolled back--it's not going to happen. What has happened is that the route to the right seat has gone back to the way it was in the 70's and 80's. In order to get to the airlines, it's going to take thousands of hours of real flight experience.
Some have spoken about exemptions or exceptions. There are some of the 4 year universities pushing for a lower number of hours for their GRADUATES to qualify for an ATP rating. They may be able to get a lower number ATP for their GRADUATES with a 4 YEAR DEGREE. What that number is--no one knows at this time, but I have heard 750-950 hours being discussed. But keep in mind, it will still take 4-5 years, of college and flight training, to receive such an exemption if one is even granted. It's not a fast track. It's not a quick and cheap way into this career. It's not a quick way to train a bunch of new pilots.
For all practical purposes, the 1500 hour ATP rule has already kicked in because no regional is hiring anyone these days without 1500 hours because of the impending ATP deadline.
The regionals will be the first airlines to experience the inability to find qualified applicants. This will slow or stop their growth. Some will cease to exist for a number of reasons that may or may not be related to the inability to hire qualified pilots. It's not going to get any better because the supply of new pilots in the US has pretty much stopped for simple economic reasons.
The majors will continue to pull pilots from the regionals and will do so until that supply runs out. At some time in the future, when the supply of regional pilots has run out, the majors will wake up and realize that their growth will be restricted by the number of qualified pilots they can hire.
In the future, my prediction is that the majors will establish a part 142 ab intro training program in order to insure a steady supply of pilots for their company. That program, if and when established, will change how professional flight training is done. I would expect the airlines to lobby the FAA and Congress for a reduced number of hours, or a new pilot rating, in order to get pilots into the right seat, provided the 142 requirements are met.
The only other way for the majors to hire pilots, once the regional pool has been exhausted, would be to "steal" them from other major airlines with hiring bonuses, etc. Seniority has always stopped this before. No one can afford to leave a $120,000 a year job to start over again at $20,000 a year with another airline. With all of the mergers, that is not as likely now that the last two (AA and US) at the dance have officially announced their merger.
Joe